Someone needs to debate you live in a public forum. Or at least there needs to be a group discussion with you and people on both sides of this debate.
You want high APR going to passive HBD holders taking no risk on themselves and putting that risk onto the community. And you are slowly justifying it with such blogs.
Others want to build a system that allows low base layer APR on HBD so that HP holders are rewarded more adequately, the risk to the base layer is minimised, HBD savers are locked in in exchange for their high APR (which increases the security of the system) and so that HBD bond holders can go take the risk of high APR onto themselves via a Layer II collateralised loan system (similar to what the rest of crytpo is building, and provide an alternative to the currently broken Euro Dollar system, but better as HBD bonds would be the collateral).
Luckily, your argument flies well if Hive is in a bull market. But unfortunately for your argument, its not, and its not going to be until Hive and HBD give reasonable returns to people taking reasonable risk. At the moment it is giving over-weighted rewards for people passively investing and taking almost no risk, while allowing that risk to be saddled by the rest of the community.
Wen debate?
RE: Debt is a Derivative of Collateral